Japanese Currency

by Katie A.

History

Kochosen (imperial currency) - First coin currency minted in 708 was called a Wadokaichin and was made of copper. It was later reformed in 760 and added the Mannentsuho, the taiheigenbo, and the Kaikishoho. Each worth 10 times the amount of the previous coin. This currency lost value by the end of the 10th century and was later replaced with rice as a currency.


Chinese Coinage - lasted from the 12th century until the 17th century. Japanese tried to adopt the Chinese coin system after difficulties with having to use a lot of rice with every purchase.


Experimental Currency - During the 16th century villages minted their own coins as a currency.


Tokugawa Currency - lasted from the 17th century until the 19th century. Included gold, silver, and copper coins along with paper money replaced local and chinese currency.


Bakumatsu Currency - lasted from 1854-1868 Many different currencies from many different cultures were used during this period (ex. mexican dollars)

Yen (1871-present) - current currency in Japan. 100 yen is about $1 USD.